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. for sarching the auto industry of the the economy is doing well despite the best efforts of republican obstructionists who worked hard to shut down the government, folks with the national deficit dropping at its fastest rate in 60 years? it is time to stop the obsession with deficits and start an obsession about middle-class job creation. >> well, governor granholm, i'm going to give the president credit for these numbers -- >> stop the presses -- >> but this nation is still woefully unemployed. he has to take credit for that, too. i know his numbers could not have come at a better time for an administration that's had a rough couple months. in the crossfire tonight, a pair of economic experts, david madlin director of the american worker project for the center of political progress. >> and david, let me start with you. even though this morning's jobs numbers sound really good. a lot of people are just giving up and stopping looking for jobs. they're going on disability. the dependency on government has absolutely ballooned until this quote/unquote recovery. i think folks
the jobs report today? to back we are in the middle because you what the economy to improve but not want to the fed to stop totally but yet you want to show it is getting better because sees earnings have to grow so the goldilocks scenario is the underlying growth would pick up and yet pick up later but then not have a crash when the rates go higher. dennis: you say the stocks go down with good news because we are scared of they will tie ended? but today they went up triple digits is there such an attitude to where i think the economy will go okay? >> fortunately a part of that is the investors are confident coming back to the stock market. it will go up even just people thinking it is up. >> what did you think of the report today? >> solid but not spectacular. to reduce thousand jobs is a good bumper but ever other indicator was positive. most importantly we saw improvement of the for sandage other americans in the workforce. i was happy with this report but we should not be celebratory i remember in the '80s and '90s we had five budgets thousand jobs in one month but it there is no suc
, these trends are bad for our economy. one study finds that growth is more fragile and recession is more frequent in countries with greater inequality. .hat makes sense when families have less to spend, businesses have fewer customers. households rack up greater mortgage and credit card debt. topentrated wealth at the will not result in broadly based consumer spending that drives our economy and with less regulation, it may contribute to risky speculative bubbles. rising inequality and declining mobility are bad for families and social cohesion. not just because we tend to trust our institutions us, but studies show we actually tend to test -- trust each other less. host: that was the president yesterday talking about income inequality. toare turning to all of you get your stories. are you able to move up the economic ladder? we have the lines divided by age. start calling us now. you can put your comments on facebook or tweet us as well. a response from house speaker john boehner's spokesman. they promote government reliance rather than economic mobility. what are your thoughts on this?
of some potential break through, however, he reviewed the republican perspective of it's about the economy, and we have a plan to improve the economy, and that's not related to social benefit programs. >> that we create more american jobs and better american wages. the republicans continue to focus on strengthening the economy for middle class families. that's why we passed nearly 150 bills many of them will help our economy, they are still sitting in the united states senate. so you hear a difference, how republicans approach things and democrats approach things. he also used his time to rail against obama-care, the federal healthcare law, he says that's one of the other priorities that and getting the economy going less so than working on the unemployment benefit issue. >> and torment, the labor department releases the november employment numbers. stick with al jazeera america for full coverage of that important report. some fast food workers are striking in more than 100 cities. they are demanding an increase in the minimum wage, and pushing to make it easier to unionize. many are askin
for the goods in china and other nations. the cap the world's economy humming. it may not work that way anymore . a rebounding u.s. is giving less support for you -- for global growth than it has in the past. the smallest u.s. current account deficits since 1999 shows the trend and the discovery of new domestic sources of oil and gas, it reinforces this issue. the country is spending less on imported energy." you can read the full story on bloomberg's website. the front page of "the pittsburgh post-gazette" -- a look at some of the victims from one year ago and a story that will likely get a lot of attention in the week ahead. this is from "the detroit free press" -- you can get more information by logging on to freep.com. next is robert from massachusetts. decline andre in the reason is because we, as a viewed -- when the world our opinion not to go to war, we would not go with our allies. we are ia country that has of thed because one world sees our moral fabric has declined, that is a decline any way. when bush stole the election world looked the --it is not a has way we go about the world.
? >> the idea is that it grows when the economy is bad and it contracts when the economy starts to improve. projections are that in the next five years it will go back at the 1996 levels to ensure its economy and the point is to boost wages. neil: one people out of seven people, isn't that bad? >> one person out of seven people is about $23,000 a year getting for food stamps. >> i'm not sure it's one out of seven. but what i hear what melissa is saying. it's a bad economy. 65% of greries and food stamps due to that. neil: we also relax the standards? >> yes, starting under george bush. as well as president obama. there were a reqrements and tests and the like. but that is a recent development. while people are misleading others about when they say that there is not an explosion of food stamps, there's a higher growth rate. what they are saying is rescue the food stamp program for the truly poor. the. neil: we could go back and forth for who is really poor and who is not poor. but you could go beyond food stamps, now you are close to one out of three americans getting assistance. and it mak
for the economy in his autumn statement. the chancellor is expected to lower his borrowing costs and offer suggestions that a budget surplus is in sight for the first time since the millennium. >>> still to come, we will in around 20 minutes be at college green outside the houses of parliament for a full autumn preview. joining me will be steve radially, the boss of manufacturing policy group eef. and later in the show, helia will discuss the good and the bad with the british politician lord digby jones. always were a good comment or two, digby. >>> as far as the agenda in the states today, we have initial jobless claims being released at 8:30. the number might be a preview of what might come in tomorrow's jobs report. at 8:30, we get third quarter gdp. a key benchmark on the road map to the u.s. economic recovery. and october factory orders come out this morning. they are at 10:00 a.m. >>> that's the data. what about global asset prices? let's bring you up to speed. ten minutes to the trading day, we are weighted around about 6 to 4 currently advancers outpace decliners on the dow jones s
the economy so far had not been strong enough to make its time to taper, but now that has changed? >> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you talk about the fact valuations in several areas were stretched now here we are 16,035 or thereabouts). now the economy is picking up, the market still above 16,000 the pullback with friday's big again. what about the valuations as you see them today? >> they were the triple digit nasdaq companies, some of which are still fairly expensive. the market overall i don't think you can power the table and say it is cheap anymore, but it is not expensive relative to my other choices. so dependent on the u.s.
forward, not only the turnaround in the united states in the terms of the economy but the globe. the only thing that concerns me about the emerging markets is if the feds does start to taper back what is that going to do to those emerging markets and are they at more risk as a result of a fed pullback? >> any kind of rise in interest rate is going to kill in emerging markets. we've seen that so far. here's what i'm optimistic about. maybe an early budget deal, maybe obama care gets less messy. little optimistic maybe. maybe the economy gets better incrementally. here's the thing the thing is going to turn on. can janet yellen pull off the great deal, convince the world tapering is not tightening? does she have that power and influence? that's the wildcard. >> i don't think -- see i think the market will make that decision, because we've seen that with ben bernanke and the current fed. they've tried to say taper isn't tightening but the market is going to make that interpretation and that's going to be the struggle for the fed next year. >> the honeymoon will be very short, very short hone
to the economy and will i make as much money next year and will i have a job. so all of thee things and it seems to be more so on people's minds because confidence numbers are dropping and that is a trend that we are seeing since the beginning of october. neil: that has been what you believe, rigt? >> a lot of people are expecting health carcosts to rise another new tax that will calm on consumers. there are a lot of things that have hit the economy, concerns about the government shutdown, concerns about his health care plan, that hasranslated into not a lot of new jobs. a lot of the numbers have been disappointing and people see that. for people that are working and haven't lost their jobs, they probably feel confident that they can go out and spend some money for the christmas season. but no one is feeling gregarious because there is a lot of uncertainty about the economy and at th sam time, we have a 7% consumer savings rate and that is all the way down to 2% now. what we are seeing is consumers have chipped away at any savings they have had and have very few bullets left in the chamber here
blanket over our economy. >> premiums are going up, jobs are being lost. >> we're losing jobs because of obama care. we're losing a lot of jobs because of obama care. >> whoops. turns out they're wrong. really, really wrong. today we learned the economy added 203,000 jobs in november. that means 403,000 jobs since the health care exchanges opened in october. the unemployment rate is now down to 7%. that's the lowest in five years. when the bush recession was ravaging the economy, that's why today's news is so important. five years ago, this country was on the brink of financial ruin. between december 2007 and december 2008, economic growth dropped by $143 million. key stocks fell 33%. and the private sector shed 3.7 million jobs. at the end of the bush years, the private sector was losing jobs month after month. lending and leading to fears of depression. but there wasn't a depression. in fact, president obama's stimulus helped jump start a recovery. we've now had 45 straight months of private sector growth. a remarkable turnaround. republicans were wrong about deregulation about pres
to the economy. the effect that it could have, people have to have the wherewithal. if it did not have the appropriate planning where we get the money? many people live paycheck to paycheck. they have to look to the investments to liquidate which may not be the best with the rise in the interest-rate, the rise of the stock. gerri: interesting. >> it really becomes important for people to plan now so that they can have the cash or with all. gerri: to you think this will have an economic effect? >> absolutely. gerri: people been yanking money out of stocks and savings, looking under every politician that they can find to find the money to pay this tax bill. >> yes. and that will take effect in april. and people will see that. and that trickle-down effect will hopefully be able to have people working effectively so that when they can minimize the taxes ifs. gerri: it is just so funny. a lot of this is because of obamacare, because the four will correct. like somebody tweeted the other day, i like to obamacare. ides is not to not realize i was paid for it which is exactly what will happen
economy and creating more jobs for the american people. that's where the focus is, not more government programs. >> we have a responsibility as american people, people who have played by the rules and lost their job through no fault of their own. and need these benefits in order to survive. >> nbc's capitol hill correspondent kelly o'donnell joins me. the budget is the critical issue but the debate over extending the unemployment benefits set to threaten all of this and the "washington post" reports there are capitol hill aides who say tlsz little chance of it passing before congress leaves for their break. >> reporter: there's a weariness with so many of these fiscal deadlines we've had. we're talking about unemployment benefits for the longest term unemployed, people who really have had a hard time for a long time and congress is not necessarily in the mood to make this a line in the sand issue. clearly some democrats want to see action on this to extend the benefits and some republicans do not in part, for example, one point of view from rand paul of kentucky, saying that by extendi
given potential. it is because we know that when women and girl participate in economies, economic growth is greater than would be without them. where women and girls are given the chance to be educated and to get the healthcare they deserve to have, we know that societies benefit. where women and girls can participate in peace making and peace building as full members of society trying to resolve conflicts, we know that resolution is more likely to be sustained. it's a great honor for me to have this award. but it is a reminder of how much more we have yet ahead of us to accomplish. to make sure that tom's dream, tom's life, the examples of the award recipients with us and those unable to come, bring out in each of us our own commitments to what we will do to further the cause of human rights, universal human rights for every man, woman, boy and girl in the world. it is certainly what tom would expect us to do to hold high his ideals and by accepting this award and knowing that tom would not let me off the hook, otherwise, it is something that i will continue to be committed to i
on the list, very small gdp, small economy, to run. you get into a bigger economy situation, you didn't see china on the list either. you get into the big -- >> you think it is apples and oranges. >> i think it could be 92 your "forbes" subscription is cancelled. >> in middle class, in states where i am from, they have trouble with small businesses now because of the tax codes. we're printing money. >> how m many are they really paying, what are they paying. neil: 29%. >> more than everyone else that is not good. >> how many of largest companies pay zero. neil: also those pay full price, oil companies pay full price, you can average it out, but there is something big going on, psychologically this is a stain that building up over theears, high profi cases got it rolling but i tell you there is something going on. >> i agree. that is why i blame obama administration. i am not trying -- >> i blame rick. >> i blame you. >> we have a since of entitlement. >> where are we going with wonder woman? >> to dc . neil: asking twitter to help pick its 2013 person of the year, we went to twitter to vote
. the economy generated 203,000 new jobs in november, and the unemployment rate fell to its lowest level if five years. the expectation was to see a build of about 180,000 jobs, so this, obviously, was much better than expected. look aa the market rally we have on our hands. investors apparently shrugging off concerns that the strong jobs number might hasten the fed's tapering of its bond-buying purchases. in the past that's concerned the markets, but look at the dow jones industrials. yes, it is up about 185 points, but earlier it gained some 200 points, the session highs. the first 200-point gain in about seven weeks. a similar story with the s&p 500. the s&p enjoying its biggest gain in four weeks. right now it's seeing a jump, pretty significant here of 19 points. just a minute ago it was up to, so it's -- up 20, so it's hovering at really strong levels here. general motors cruising to new highs it hasn't seen in more than five years. why? well, the new word is out that the automaker could ship an increased number of vehicles made in south korea, where are they shipping? to australia. so the
forget that one of the backbones of our economy for years was your little community banker. hundred million a hundred million dollar or less pinkerton knew you by name. >> you are absolutely right. neil: my first one i ever got was from a small community bank who apparely took pity on me. they wouldn't even give me a second look. so i'm wondering what the reverberations are businesses, regular individuals who need money, have future good standing to get money. >> yes, i think that is a big part of it. 70% of jobs are created by small businesses. small businessman or woman is able to shake the man's hand and be able to get alone like you did and he was able to create more business and hire more people and increase the economic activity. nowadays, business owners look at that as an algorithm. if you fit a profile, you get a loan and if you do not, you don't get along. if you look at the fdic regulations, what dodfrank has done, pounds and pounds of regulations, and you look at all that you say that if i am an investor, what i want to invest in a little bag? and i don think it's helpfu
need to survive in the world and compete in the world and we're now in a global economy competing for skills, that we need to be making progress on this chart rather than go behind. what also has people nervous is this comes despite many years now of the united states being focused on this question, no child left behind, other pieces of legislation, common core debate, state efforts and we're not necessarily making huge progress. >> no noticeable improvement. >> but rankings have very little to do with the success of individuals in later life, much less the success of the economy. there's this false equation that companies with great educational systems, is that true of japan? absolutely not. take a country like -- >> fewer people than new york city. >> yes. >> it's got half as many people as belgium and that's why it makes it ridiculous, comparing them to a country of five million people -- >> so we should ignore them? >> yes, we should ignore them. we put more and more money into schools with really little to show for it. >> that's the opposite, in fact. because what's happened
that the economy needs to keep going? >> it could be. don't forget the manufacturing survey was very strong. manufacturing is right now ash the surveys are coming back better than they were before. construction and manufacturing are adding about 45,000 jobs of the 200,000 count. that means it is a broad based increase in jobs. >> when you talk about manufacturing and construction, that broad-based incentive, that is going to translate, i would imagine, into the housing market as well, i would imagine. >> one of the keys to getting the unemployment rate down -- that is why the fed keeps pushing. they want the unemployment rate comeback. we lost construction jobs during the session. jobsyear we have created back. this is evidence that construction is going to add more and more. the jobs count will stay higher. >> chief financial economist joining. good to have you. looking for job? turn to thetime to tech industry. we will have that story when bottom line continues in just one moment. ♪ >> welcome back. let's show you how the equity markets finished the session for december 6, 2013. halting
struggling, it will actually harm our economy. unemployment insurance is one of the most effective ways there is to boost our economy. when people have money to spend on basic necessities, that means more customers for our businesses and ultimately more jobs. >> the republicans meantime remain focused on obama care. north carolina congress woman renee elmhurst delivered the gop's response earlier today. >> families who work hard and by play the rules deserve some basic choices, fairness and relief. that's why the house has passed legislation to delay the individual mandate for all americans and let you keep the plan you like. these proposals are among the dozens of house passed jobs bills awaiting action in the democratic-run senate. >> meanwhile, good news on the latest jobs report to share. 203,000 of them created in november, just 1,000 shy of the number of jobs created in october. unemployment fell by.3 down to 7%, the lowest in five years. kristen welker is at the white house for us. kristin, i'm curious how the white house is interpreting these numbers. all good? >> well, look, th
♪ >> unions take a hit. opec in disarray. wal-mart has a very good day and the economy slowing down or speeding up, which is it? good morning, everyone, there's a lot to deal with so here we go. detroit's unionized pensioners will see their benefits cut. watch out other american cities. frack, and floods the world with oil, and opec is split. what's a cartel to do? an on-line shopping binge rolls on. wal-mart had its best day ever. and stocks will open lower again? yeah, a big day. "varney & company" is about to begin. hi honey, did you get e toaster cozy? yep. got all the cozies. [ grandma ] th n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. i
in our economy and it really, while it seems good, it actually does a disservice to the people you're trying to help. my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment optis and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. bill: fox news alert. it is 9:30 in new york. we're watching a story where a gunman barricaded himself inside of a hospital in arizona now surrendering. that man walked into phoenix baptist hospital, 2:00 in the morning pulled out a knife. police took the knife away, he pulled out a gun. locked himself in a room. surrendered a few hours later. luckily in phoenix no one hurt. heather: rand paul throwing cold water on president obama's suggestion of extending unemployment benefits. speaking on "fox news sunday" the republican s
. >> negotiations moving in the right direction. >> experts predicting that a steadily improving economy is actually on the horizon. >> the unemployment news this week positive. >> unemployment fell to its lowest level in five years. >> i do support unemployment benefits for the 26 weeks. >> extending unemployment insurance isn't just the right thing to do for our families. >> if you extend beyond that, you do a disservice to workers. you're causing them to become part of this perpetual unemployed group. >> republicans so far refuse to extend it. >> i get the distinct impression you would like to run for president. >> i am seriously thinking about it. >> it is a big week in washington and the world and, we are tackling several developing stories this afternoon. president obama and the first lady are headed to south africa, joining dozens of world leaders who will honor the late nelson mandela. the president is joined on air force one by former president george w. bush, his wife laura, and former secretary of state, hillary clinton. meanwhile, for families in newtown, some powerful public statements
that this is something that's so harmful to jobs to the economy and to the access of health care and quality of life. >> wish i had more time. we'll stay on it and watch closely. appreciate it. >> thank you. >> my next guest hacks into computer sites for a living. he's a white hat hacker. he says absolutely no security was built into the health care.gov website so your personal information may be at risk. so should you ever sign on? we'll get to it next. later -- >> a dangerous and growing inequality and lack of upward mobility that jeopardized middle class america's basic bargain that if you work hard you have a chance to get ahead. i believe this is the defining challenge of our time. >> class warfare is back. president obama attacking the success of hard-working americans. we'll explain what he wants to do now. plus he's out, done, finished. martin bashir offered his resignation after the despicable comments he made about governor sarah palin. we'll tell you what he said and what his reasoning is. plus senator rand paul, bob beckel and andrea tantaros on this busy night of news. hoo-hoo. hoo-hoo.
't have employer exuberance. we have a couple of numbers to see for the rest of the economy. no, i'm waiting until the afternoon, we've seen a noon swoon the last five, six days in a row. if you want to buy going into the weekend, i'd say wait because we'll have a selloff mid day. stuart: there's a prediction. scott, you're killing me here. >> on a macro labor we'll wait on this taper talk, and there will be automatic selling when you hear the 10-year high. stuart: those are the 30 stocks that make up the dow jones industrial average, every single one in the green and that means they're all up this morning. right now, the overall, the dow is up 86 points, but again, we expect it to move higher than that. we've had some sky high predictions for apple stock this week. one guest said 700, another said, a thousand bucks a share. i can see that it's open $3 lower on otherwise up market today. but here is john layfield, fresh from the beach. apple, i know you follow it very closely, are you buying those sky high predictions? >> no, i'm not. i would buy the $700 prediction, i just don't t
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
? >> it may be overdone. the fundamentals in the economy justify the equity and well. it is hard to correlate with the sluggish growth we continue to see. outside of that the asset purchases by the fed and aggressive monetary policy we have seen serves the purpose of inflating risk premiums and essentially causing them to tighten places they wouldn't otherwise be. i don't think that is just an equity or fixed income issue. all sectors will be affected if that begins to unwind. connell: one of the big stories no doubt it's going to be one type of federal reserve will generate yellen oversee and willie federal reserve as to this risk or take away from it. what is your view? >> from a market perspective it is all about expectations, and the expectations are already in the price of fed is going to taper. we think the fed essentially already tapered this summer, so if you look back to announcements when the fed announced aggressive asset purchases, interest rates began to rise after that announcement. we would not be surprised to see riverreverse happen as the fed announces tapering of quantitativ
myself with what john had to say. in this day and age we face a number of crises. i think the economy is not performing the way we would like. real wages have been stagnant in our country for more than a decade. think about that. at the time when the cost of college and a whole host of other things, health care has going up, real wages have been frozen. you're familiar with the budget problem that we face. there is a growing disparity between the haves and have nots in our society and that should concern all of us over time. and all these things are in some ways int related. so if i would pick one thing i would agree with what john had to say. what is our comparative advantage? how do we grow this economy in a very competitive world and in particular how do we empower, not just give but empower our citizens through hard work and thrift and all those sorts of things to enjoy some of the fruits of that growth particularly the third that aren't getting the education, the kids that aren't getting the quality of education that they need to be economically relevant in a competitive global e
torper in the economy. up until now they said the american economy has been so inventive and resilient it has been able to function even in problems with student graduates this and that not up to snuff. in the future it might not be able to. the skilled labor force will have an impact on the economy. i would have thought it always had. but now it hasn't. >> high technology companies are actually drawing on educated immigrant labor, not necessarily here native american labor. again point to go the failure of our schools to educate our kids. >> but there's a difference. see what we have, it sort of mirrors our economy in many ways, the study shows us that the top-performing u.s. private schools outperform anybody in the world. so it's not that -- our top students are still top. the problem is, it's the vast majority of our students that are going into our public school system where we're underperforming. >> when you compare those to other countries like in japan, for instance, i was just talking to a japanese colleague here before we came on, it's actually considered better to get into a
among 65 countries and districts that make up the lion's share of the global economy. american teens are down four spots in science coming in at 24. and they slipped another -- >> this is unbelievable. >> ten spots -- >> look at that. >> to 21st when it comes to reading. several chinese cities as well as japan and singapore saw their students improve significantly. >> willie geist, your mom has been involved in educational reform. we were talking about mike bloomberg who dedicated four years to it. the gates spent billions and billions of dollars and the only thing -- not the only thing but one of the main things they learned reducing class sides. they spent billions of dollars on that. that doesn't work. man, the past four years when it seems everybody's focus has turned to education reform in a big way, just been disastrous, not disastrous but terrible. our state of the union are getting worse and worse. >> this is a trajectory we've seen for more than a decade. it goes back. maybe you say we'll give the reforms of the last few years to settle in. reaction to this study was amazing
and our economy. it's not just a broken website. this bill is fundamentally flawed. >> and back to the "washington post" report, it did reveal another headache, errors have affected roughly one third of the people who signed up for health plans since october 1st. those errors include failure to notify insurers about new customers, dup my cat enrollments on misinformation. jay carney addressed that report a few minutes ago. >> our general contractor has stood up a team of experts working already closely with issuers to make sure that every a 34 form past and present is accurate. we believe that and our confident that they will be able to ensure that accuracy in time for the january 1st beginning of coverage. >> peter alexander joins me. peter, it is a new day, new tone and we will hear from the president shortly. in a sense, maybe not the icing on the cake but certainly a show of confidence in the last 24 hours. >> reporter: it is a show of some public confidence right now. it's certainly a new tone, not clear if it's a new day for the guys that just yet particularly here at the
coming over here and competing in the gobble economy. education is at the core of this and goes to connecting that bond that has been broken. >> you have all this evidence that's truly offensive. take the detroit pension ruling. so we know what the ruling was and we know what the effect may be on people's pensions. they will be cut. city employees, firefighters, no matter how the pension deal was cut years ago the pensions will be cut. but before the pensioners receive their pension who gets paid first? the bond holders, the banks, the big boys and then, then the pensioners will get paid. there's something just deeply flawed with what's been going on in this country and it's not one party or the other, it's the whole system and it's a couple of decades that it's been going on. >> there's a suspicion the people who have been having these massive hikes in their compensation packages are not reinvesting necessarily in job growth and productivity. they are actually -- it feels to a lot of americans on main street like funny money, it's getting recycled, reput into investment funds t
these numbers are proof the economy is getting better. critics warn low unemployment means the federal government may cut back on economic stimulus which could force the stock market to take a hit. chris wallace is live on capitol hill, celebrating a milestone. chris has been doing "fox knossos" for ten years. hart to believe. we have been stuck with you for ten years. >> i hope it's not stuck. we're going to have a little piece at the end of the show on sunday, taking a look bat at the highlights and lowlights of the last ten years. i'm sure you feel this, shep, with your show. just amazing over the course of a decade who you get to talk to, where you get to go. the adventures you go on, and i'm so grateful to have had the opportunity. >> tell me the lowlights. >> you probably know most of those as well. you'll see them. the good, the bad, and some surprises along the way. >> what do you make of this business on current topics? >> well, you mean in terms of the unemployment rate? >> yes. >> you're exactly right. it's great news. 7%. 203,000 jobs created. the latest upgraded numbers fo
understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. >>> welcome back to "hardball." if conservatives like senator rand paul get their way, unemployment assistance will be cut to as many as 1.3 million americans at the end of this month. merry christmas to them. the program that provides benefits is set to expire at the end of this year. there's little appetite from the right to extend it. here was rand pal yesterday explaining what his problem is with the program. >> i do support unemployment benefits for the 26 weeks that they're paid for. if you extend it beyond that, you do a disservice to these workers. there's a study that came out a few months ago,
republicans out to be very bad for the economy. > the jobs number today, the president said a couple of days ago at the economic speech in seeing new 're not policy initiatives by the white house. everyone comfortable with the ecrease in unemployment as it has been or holding it down sooner or faster or a greater pace. what are they doing to achieve that? >> i appreciate the question. like what the president said the other day, we need to invest in the infrastructure. the republicans used to support that with democrats. we needed to get that done. we need to when the president put forward an idea, you know, is also that and lowering the corporate tax rate loopholes in a way that would be a better bargain for jobs in this country. to invest in universal prek. e need to continue to do the things that the president has jobs to rd to attract america from overseas and to n ing home jobs from america companies that are located overseas, bring them home to build on those trends. we need to continue to build on the trends, the positive trends we've seen in the manufacturing sector in this country. e
of the benefit to our economy of having half a million, one million more college educated workers? >> i don't have those numbers at my fingertips. economists have done network and we would be happy to submit for the record. that -- note they only have they cited the benefits for those completing an education, but even going to some college has economic benefit for the community and individual. is a higherhere dropout rate than we would like from pell recipients, getting them into college has benefits to you and me and our constituents? >> yes. there's a question to be asked here. to be eligible for a pell grant, you have to be enrolled in a program that is leading to some sort of certificate or degree. but there are some instances where if there are dollars lacking in workforce development or training, some students have no intention of completing a certificate or degree. todaye of the discussion has dealt with waste and fraud and the effect of college aid on reducing individual initiative thosee preparation of that receive pell grants, particularly those on the short end of the privilege c
jobs and the economy. former secretaries of state madeleine albright and hillary clinton come a remembering south african president nelson mandela. and a white house briefing with secretary jay carney. >> the book affairs events from washington, putting you in the room at congressional hearings, white house event, briefings, and conferences. and complete gavel-to-gavel coverage of the u.s. house. we are c-span, created by the cable tv industry and funded by your local cable or satellite provider. now you can watch us in hd. >> republican senator rand paul at the detroit economic club. some have considered him as a presidential candidate although he himself has not made any formal announcement. this event is part of the road to the white house 2016 coverage. [applause] cracks good afternoon, ladies and gentlemen. on this nice brisk detroit michigan day, it is my honor to introduce dr. rand paul, the junior senator from kentucky. the united states senator elected in 2010 and has certainly made his mark in just a very short time. he has proven to be an outspoken champion for cons
elect them. but they've realized now that they've been sold a pig in a poke. the economy is not getting better. they're discouraged over the whole thing. they're down on both parties. they're unhappy. >> we have a little bit of the president at a youth summit from the past week hitting on, i guess, maybe this is the beginning of the pr campaign. let's watch that and then i have a tweet i want to share. >> if you're a student body president, set up a spot on campus. open your doors and use an e-mail list to help people learn the facts. if you're a bartender, have a happy hour. >> bartender, really? >> this reflects, and i dare say, pat, i think you would agree with this, desperationen by the president. bottom line, if young people don't sign up, if only 22% or 25% don't sign up, it means that the affordable care act's economics don't work. there isn't the resources to sustain the plan. so the president has got to get everybody involved. and that speech, harris, i think he's just tilting at wind mills. >> so then we would call it the ca, and take out the affordable. >> unaffordable. >> an
a sixth of our entire national economy. >> awe con -- au contraire. you quote valerie jarrett. >> you have a president, and all presidents have a sense of their vulnerabilities but they need to surround thhmselves with people who recognize their shortcomings. the president in a sense is very detached. he's not great at the hands-on at management. he's essentially admitted that. but people like valerie jarrett around him don't challenge that. they reenforce this notion that he's so brilliant that he's bored with these meetingsant doesn't need to participate. >> she says the problem is president obama knows how smart he is and he's been bored to death his whole life. he's too talented to do what ordinary people do. he would never be satisfied with what ordinary people do. >> because he is up there and we are down here. >> that sound like me. >> it does. >> exactly like me. >> you're not president. it's coming. >> here's the big picture, the one thing i look at right now is the president of the united states either has to back up this plan, get behind the plan, or actually distance himself ab
an economy are blooming for people with access to greater education, more experience in high-tech industry, and not necessarily people who are in our neighborhoods. >> reporter: gabriel metcalf of the san francisco planning and research association understands the apprehension. >> people are really afraid especially renters like me if you lose your apartment, you have to move out of the city most likely. >> reporter: speaking of moving, a just released mayoral task force report estimates the city will need to spend $10 billion on roadways and transportation just to keep pace with the growth. >> we are going to be in for a world of hurt if we don't start aggressively investing in transit. >> reporter: are we looking at gridlock? >> yes. i'm already seeing it. >> on muni now, it has $2.2 billion in unfunded deferred maintenance. >> reporter: the building goes on and on and on with the next big project being the planned warriors arena on the waterfront which is enjoying a growing support despite critic charges that it's too big and will be a traffic nightmare. according to a new kpix 5/surv
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horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, h, wi tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me a liar. no dude, you're on the jumbotron! whoa. ah...yeah, pretty much walked into that one. geico anywhere anytime. just a tap away on the geico app. >>> welcome back. president obama gave chris matthews an extended interview on msnbc on thursday. the appearance raised a few eyebrow s and riled up some mea types. >> the american people are good and they are decent. and yes we get very divided partly because our politics and our media specifically tries to divide them. and splint ter them. >> ah, yes, president obama as media critic. i personally love when any president jabs the press because it gets us talking about fairness, both the medias and the administrations. eric dagen is the critic for the npr. jane, you used
weeks, you're causing them to be part of this perpetual unemployed group in our economy. >> helping unemployed workers does them a disservice? that's heartless, clueless, and gutless all rolled into one. right now a majority of americans want to raise the minimum wage. but here's the response from another top republican. >> you don't want to raise the minimum wage to the point you're losing jobs. if you raise it too high, you'll have fewer jobs and fewer opportunities particularly for these young people. >> so giving the lowest paid workers a fair wage threatens the economy? that, too, is clueless, heartless, and gutless. and what about gutting $40 billion in food stamps over ten years? that's what house republicans want. the congressional republicans with the median net worth of nearly $900,000. and now at a time of crisis they want to turn their backs on the unemployed. and on young people. like 11-year-old deshani. living in poverty through no fault of her own. america, we are better than this. and the gop, the party of lincoln should be better than this. joining me now is democr
on the health of the u.s. economy, as the government releases the monthly jobs report. one survey found private companies added 215,000 jobs last month, beating expectations. >> looking at today's weather. rainy in the northeast. icy from the great lakes into texas. below zero in the northern plains. it will be even normally toasty. l.a. will stay in the 50s. >>> finally this morning, a parting tribute to nelson mandela. >> the leader, the pioneer and one of the world's most influential icons remembered this morning across the globe from people of all walks of life. >> for now, let us pause and give thanks for the fact that nelson mandela lived. a man who took history in his hands. >> it was tremendous. it was just tremendous. there was a lot of excitement. the electricity in the air. and he was truly one of the great, great heroes of our time. >> i just want to say, it's extremely sad and tragic news. we're reminded what an extraordinary and inspiring man nelson mandela was. >> he showed us, with the clerk and the african in a how to build a nation. still has so much to go. but much further ah
to buy stuff to help the whole economy. >> along as the of foresees their movies are watching tv or to buy their stuff they are fine. john: russell brand known for flicks like forgetting meet sarah marshall had his own tv show was canceled and now he is developing a new show which is owned by fox. what are you thinking, fox? he objects to capitalism solid interview were said what would you replace it with? to make you talk vaguely about revolution what is it? >> the egalitarian system with the heavy taxation of corporations and massive responbility for the energy company to exploit the environment. >> they get a little tiny bit of knowledge did it become so watered down socialist dribble and he is the attention horror like the paris hilt of film. john: he once aocialist egalitarian system. >> appeals to people when they are very young and idealistic and passionate and insane which is you are supposed to be but then we grow up and pay taxes. he is not relevant in entertainment so he has to say these things to get injured -- attention. john: what about george cas? he has made billi
officials expect continued improvement in the nation's economy in the next year. the feds have repeatedly criticized the program. the new york times says the plan to cut the bond buying program could come next week. >>> gasoline prices are moving higher. the average price of a gallon of regular nationwide increased 3 cents over the past two weeks to $3.28. the lundberg survey says prices at the pump have risen 6 cents over the past nine months after a three-week decline. >>> and "frozen" frosted ""the hunger games."" the disney animation took first place with $31 million in ticket sales. after dominating the box office for two weeks "the hunger games: catching fire" came in second. "out of the furnace" was a distant third at $5 million. >> i sense the theme, we're moving to cold weather so that's something we want to see on the big screens or something along those lines. >> how parallelous. >> thanks a lot, wendy. >>> straight ahead, your monday morning weather. and in sports, follow the bouncing ball. the steelers try to lateral their way across the dolphins. we'll let you know if it wor
order should manage the global economy. he called for a managed economy. but it's some of the language that pope francis is using that has set something off with rush limbaugh. the idea of trickle-down economics, which means something very specific, specifically to american consumers, regan annecks, and this is something that rush can't necessarily stomach. what will be truly interesting is to see what republican catholics say about the new pope. he's called the people's pope. he's wildly popular in many parts of the world, including right here in the united states. you have paul ryan, you have our own newt gingrich, rick santorum, a guy named chris christie, who are all catholics right now. i would be shocked if these potential candidates were to go out and be critical of this pope who, as i said, is wildly popular in many parts of the country. >> you mentioned potential candidates, but catholics are also a key voting bloc, yes? >> white catholics are often seen as the key. the key swing group. you can look where white catholics vote and see how an election goes. they're seen as swing
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